NordREG is an organisation for the Nordic energy regulators. Our mission is to actively promote legal and institutional framework and conditions necessary for developing the Nordic and European electricity markets.

Areas of work

The basis for the co-operation within NordREG is to identify areas of work where cooperation can take the following forms:

Exchange of views

Working together to map and analyse energy market issues

Producing reports and statements

Taking common action to influence the development of the Nordic or the European energy markets

Our misson

The mission for NordREG is as follows:

In cooperation, we actively promote legal and institutional framework and conditions necessary for developing the Nordic and European electricity markets.

Our vision

All Nordic electricity customers will enjoy free choice of supplier, efficient and competitive prices and reliable supply through the internal Nordic and European electricity market.

The NordREG board and members

The main organization of NordREG is a rotating Presidency whose appointment changes every year. The Board meets at least twice a year. The work in NordREG is organised through an annual Work Programme approved by the Board.

The members of the NordREG Board

For more information please contact representatives in each member country. You will see a list of our members in the left margin on this site .

Strategic Priorities

Strategic priorities

Objectives

A truly common Nordic retail market with free choice of supplier

To develop a common balance management and settlement system

To ensure easy and harmonised switching procedures in the whole Nordic market

To create harmonised criteria for unbundling to ensure neutrality

A well-functioning Nordic wholesale market with competitive prices

To promote competitive market structures

To ensure smooth interaction with other European regions

To ensure a well functioning power exchange

To ensure adequate level of transparency in the market

Reliable supply

To promote market-based or legal environment for security of supply

To ensure harmonised procedures for handling extreme situations

Efficient regulation of TSO

To regulate and monitor the TSOs with focus on efficiency and Nordic harmonisation

Memorandum of Understanding

Promote the development of efficient electricity markets in the Nordic area, consistent with the development in within the European Union.

Co-operate in order to promote a competitive Nordic market in electricity, in which the principles of transparency and non-discrimination are ensured. “The Regulators” will monitor, reinforce and follow up these processes of liberalization in the electricity market.

Co-operate in issues relating to energy markets in which “The Regulators” have responsibilities according to respective national legislation.

Set up the appropriate mechanisms of co-operation, information exchange and assistance amongst “The Regulators”, and reinforce their level of common representation in the cooperation within the Council of European Energy Regulators and joint actions especially in connection with the co-operation among the Nordic transmission system operators (Nordel).

Provide a framework for the discussion of regulatory issues and exchange of experience in order to facilitate convergence of views and common positions when appropriate.

Provide the necessary elements for the development of regulation and promote increased harmonisation and efficiency in the regulatory framework and processes.

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